Forfeiting Event

Example Definitions of "Forfeiting Event"
Forfeiting Event. With respect to a particular Participant who is a non-managing member of the Investment Manager, that such Participant (i) has committed an act of fraud, dishonesty, misrepresentation of breach of trust, (ii) has been convicted of a felony or any offense involving moral turpitude, (iii) has been found by any U.S. regulatory body or self-regulatory organization to have, or has entered into a consent decree determining that such member, violated any U.S. regulatory requirement or a rule of a... self-regulatory organization, (iv) has, in the capacity as a member, committed an act constituting gross negligence or willful misconduct, (v) has violated in any material respect any agreement with respect to the Company, (vi) has become subject to any proceeding seeking to adjudicate such member a bankrupt or insolvent, or seeking liquidation, reorganization, arrangement, adjustment, protection, relief or composition of the debts of such member under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for such member or for any substantial part of the property of such member, or such member has taken any action View More
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